Polymarket brings ultra-short crypto prediction markets to U.S. platform
Source: CoinDesk ·
From the source
Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms. Prediction platform Polymarket rolled out five-minute crypto up-or-down betting contracts on its regulated U.S. platform. Operated by QCX LLC, the platform runs under Commodity Futures Trading Commission (CFTC) oversight. Traders can bet on whether a cryptocurrency will end a five-minute period above or below its starting price, allowing investors to capitalize on ultra-short-term price movements in bitcoin BTC $81,390.17 , ether ETH $2,359.95 , solana (SOL) and XRP (XRP). Even a small price change can determine whether a contract pays out. The structure is similar to binary options, which have long been traded in traditional financial markets. Unlike conventional options, where returns can vary with the size of a price movement, binary options offer an all-or-nothing outcome. That distinction is key because the payout depends on which…